40 Option-Contracts a week
February 1st, 2010
Archive
Posts Tagged ‘Investing’
2009/2010 Yellow Pages
August 25th, 2009
I indeed decided to place an advertisement in the 2009/2010 Yellow Pages.? Although I believe print advertising is a dying medium, I’m following my gut on this one.? Deep-down, I really believe that the homeowner who is at risk of being foreclosed on may turn to the Yellow Pages to find who to call.? This would be especially true, if that homeowner is older and is more used to using a print directory vs. the internet.? The older homeowner will most likely have more equity in their house; see how this makes sense in my head?? You should.? And the main incentive is that my ad will be the only one in the Real Estate section about foreclosure prevention…boo-yhaw!
Using Mozenda as a Real Estate Investor
July 24th, 2009
In this series of videos, I give a brief overview of how Screen Scraping (data collection) with software such as Mozenda can greatly benefit Real Estate Investors. I’m excited about this software. I’m glad I found it as I’ve used others that aren’t even half as good. Watch the entire combined 17 minutes (part 1 and part 2) and I guarantee it won’t be a waste of time.
Cheapo House
July 7th, 2009
I visited the rehab house that I wrote about on Friday and checked out the interior. This house was completely gutted with no electrical/plumbing. I only checked out the inside due to the suggestions of other investors, but I had no-idea what to look for. I took some video on my flip mino, so when I get a chance I’ll post it here. The seller is extremely motivated, so I think I’ll counter his $5K counter at $3K, then see if I can find a rehabber to take it for $10K. Maybe I shouldn’t talk numbers on this blog because more people read this than I know of. Oh well. A $7K come-up would be fantastic, but I could settle for $5K.
Accountability Monday
July 6th, 2009
Old Goals from the week of June 29th:
1. Contact Title companies in town for information on the real estate transactions in town involving deeds without mortgages. I’ll find my cash-buyers this way. (Done. Although none have returned my emails, perhaps I’ll call)
Oversight in the Deal
July 4th, 2009
The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
Per:
http://www.federalhousingtaxcredit.com/2009/faq.php#1
1st Wholesale is Pending
July 3rd, 2009
I have a deal that’s in negotiations at this time (at least I hope you all consider it a deal, this would make my very first).
Bandit Signs Do Work
June 30th, 2009
Since Sunday morning my phone has been ringing non-stop with buyers interested in the property I was marketing. I didn’t have an equitable interest in the property (1104 S. Duncan), however I was assisting the owner with the marketing free of charge, which kept me legal. Not charging anything up-front actually helped in the long-run because; I was able to use an actual property to draw buyer leads with and help a fellow investor out at the same time. The house actually was put under-contract, not by any of my doing, the day after I posted the signs. However the buyers still kept calling. Once I found the house was under-contract I changed my voicemail message and let callers know that the property was sold. The message also directed them to a squeeze page (champaigndeals.com) which took their information so that they could be notified of future deals. I used a Skype phone number for my signs (I’ll never stray away from Vonage again, Skype is garbage) and I was able to keep record of each number that called in. So yesterday evening I set-up a automated call blast (using callfire.com) to call of the callers letting them know that the house was sold and informing them of the champaigndeals.com website. I now have about 30 more buyers on my buyers’ list than I started with.
Accountability Monday
June 29th, 2009
I’ve been doing a lot better in regards to accomplishing my weekly goals. I’ll provide a summary of last weeks’ goals:
1. Begin the SEO of my sites (done)
Bandit Signs
June 28th, 2009
I spent 12 hours between yesterday and today with my bandit sign mission. I made 40 of them from scratch. I think it was a good thing that I only made 40 because I had a hard time finding appropriate locations to place them in. I did my best to put them in locations that were near stop lights and I avoided highly manicured/maintained areas because I figured they would be removed faster in such places. Want counts is that I accomplished my mission of getting signs out this weekend. I made an impulse decision on Friday to do this, when I called around about obtaining signs and having them rush delivered, I found that the pricing was through the roof; handmade signs were my only option. On average a corrugated plastic 18″x24″ sign would run $1 each and the metal stake would also be about $1, then for say a quantity of 50 or 100 the shipping may be $30-$50. I was able to get the cardboard for free and all I had to buy was the stakes, nails, hammer, tape, and other miscellaneous items. The fee per homemade sign was about $1 each, so I was able to save just over half.